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Ceigall India Limited has provided a Monitoring Agency Report for the quarter and nine months ended December 31, 2024, regarding the utilization of proceeds from its Initial Public Offer (IPO). The report confirms that there are no deviations from the objectives outlined in the offer document, and utilization aligns with the proposed purposes. The report indicates that the overall deployment of funds has been efficient, with significant amounts allocated toward equipment purchases and loan repayments. This positive confirmation could bolster investor confidence, suggesting a stable operational framework and effective resource management, potentially leading to a favorable sentiment among stakeholders.